As used in this part, unless the context otherwise requires:

(1) “Association” means the Tennessee insurance guaranty association;
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Terms Used In Tennessee Code 4-31-803

  • Association: means the Tennessee insurance guaranty association. See Tennessee Code 4-31-803
  • Authority: means the Tennessee local development authority, a public agency and instrumentality of the state, created by this chapter, or if such authority shall be abolished, the board, body, commission or agency succeeding to the principal functions thereof or to which the powers and duties granted or imposed upon the authority shall be given by law. See Tennessee Code 4-31-102
  • Bonds: means all bonds, notes or other obligations issued by the authority under this part. See Tennessee Code 4-31-803
  • Property: includes both personal and real property. See Tennessee Code 1-3-105
(2) “Bonds” means all bonds, notes or other obligations issued by the authority under this part;
(3) “Claim” or “claims” means a covered claim as defined in § 56-12-104, to be paid from the issuance of bonds under this part in the event of insolvencies as described in § 56-12-107(b)(3); and
(4) “Natural disaster” means any hurricane, tornado, storm, flood, high water, wind-driven water, tidal wave, tsunami, earthquake, volcanic eruption, landslide, mudslide, snowstorm, ice storm, drought, fire, explosion, civil disturbance or other catastrophe that causes or may cause substantial damage or injury to property.
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